Security Analytics Market Application, Component, End Users, Regional Analysis & Growth Rate Report 2020

 Global Security Analytics Market

The Security Analytics is defined as the process that includes the mitigation, detection, and analysis of the targeted attack & determined threats by integrating the big data & threat capabilities. It facilitates to offer proactive security measures. The incorporation of the expandable volume of data sets in detection algorithms is purely dependent on the software tools available in the security analytics solution. It widely applied in the IT & telecom environment, to serve the purpose of network, web & end-point security, BFSI, & military and defense sector.

The increase in superiority in threat attacks employed by mature threat actors which remain undetected using predefined security tools or signature matching technologies is encouraging organizations to adopt security analytics solutions. This is expected to boost the global security analytics market growth over the forecast period. The rise in application in cloud is also expected to propel the industry demand throughout the forecast period. The global security analytics market is experiencing tremendous growth due to the increase in concerns related to cyber threats & vulnerability. 

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Furthermore, the development in technology including the deployment of the web & cloud-based platforms led to an increase in the need for security and accelerate the growth of the market. Moreover, the introduction of actionable intelligence for reduction of the data loss & prioritization of network-based patterns are some other factors imposing a positive outlook on the global security analytics market growth.

Inefficient knowledge about the advanced targeted attacks & threats along with the lack of qualified security professional, the industry are exposed to potential threats & are expected to hamper the security analytics  market growth during this forecast period.

Global Security Analytics Market Segmentation

The Global Security Analytics Market is segmented into component such as Services (Professional Services, and Managed Services), and Solution, by application such as Application Security Analytics, Endpoint Security Analytics, Network Security Analytics, and Web Security Analytics. Further, security analytics market is segmented into end user such as IT and Telecom, Healthcare, BFSI, Government and Defense, and Others.

Also, the Global Security Analytics Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Regional Analysis

The North America region holds largest revenue share in the overall market due the growing adoption of security analytics. The North America region market growth is mainly dominated by United State and Canada and it is attributed to the increase in need for sophisticated threat level management and growing demand BYOD & internet of things (IoT) in the region. Also, the region has a well-established infrastructure that allows easy implementation of advanced technologies. The APAC is expected to grow at a faster rate over the forecast period. The growth in this region is dominated by China and India. This will create huge opportunities across various industry verticals in this region.

Market Key Players

Some key operating players are discussed in this report such as IBM, Splunk Inc., Cisco Systems, Inc., FireEye, Inc., McAfee, LLC, Fortinet, Inc., Exabeam, Palo Alto Networks, Inc., LogRhythm, Inc., Juniper Networks, Inc., etc. 

Market Segmentation Analysis

By Component

·         Services

·         Professional Services

·         Managed Services

·         Solution

By Application

·         Application Security Analytics

·         Endpoint Security Analytics

·         Network Security Analytics

·         Web Security Analytics

By End User

·         IT and Telecom

·         Healthcare

·         BFSI

·         Government and Defense

·         Others

By Region

·         North America

·         Latin America

·         Europe

·         Asia Pacific

·         Middle East & Africa

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QualiKet Research is a leading Market Research and Competitive Intelligence partner helping leaders across the world to develop robust strategy and stay ahead for evolution by providing actionable insights about ever changing market scenario, competition and customers. QualiKet Research is dedicated to enhancing the ability of faster decision making by providing timely and scalable intelligence. We use different intelligence tools to come up with evidence that showcases the threats and opportunities which help our clients outperform their competition.

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